Why Canada's ban on foreign buyers hasn't made homes more affordable

A year-old foreign buyers ban aimed at making housing affordable for Canadians had too many exemptions and was more of a political manoeuvre, according to critics. They say it’s clear housing remains out of reach for too many in Canada, and it's time to look at strategies that have worked in other parts of the world.

Why Canada's ban on foreign buyers hasn't made homes more affordable
Kris Wallace and Andy Ali are pictured in their apartment in downtown Vancouver,  British Columbia on Thursday, December 14, 2023.

A year-old foreign buyers ban aimed at making housing affordable for Canadians had too many exemptions and was more of a political manoeuvre, according to critics. They say it’s clear housing remains out of reach for too many in Canada, and it's time to look at strategies that have worked in other parts of the world.